Prime minister Gordon Brown has been ridiculed in the British press for calling for a new Bretton Woods summit. He has been accused of political posturing at home, as well as grandstanding on the world stage. Brown engineered a British bank bailout scheme that served as a pattern for European and US bank recapitalizations. He also announced government guarantees for interbank loans to get credit flowing again. But his domestic critics say the British economy is in a mess, largely as the result of errors Brown made as chancellor of the Exchequer.
BRITISH PREMIER LEADS CALL FOR NEW FINANCIAL ORDER Gordon Platt Global Finance; Nov 2008; 22, 10; Docstoc pg. 4 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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